New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-05-10
AN AMERICAN DEDUTASTE.
SHALL THE ACTORS FUND HAVE i H0U USE
THE MATTER REGARDED FAvoRABLY AT MEETING


OF ACTORS AND MANAGERS.
For about two hours yesterday afternoon number
OF well-known actors and managers sat In an up
stairs room az Demonicos discussing a quesuOh VI
no little interest ~ the profession at large anu inc
Actors Fund in particular They had gathered III
response to an invitation sent out by A. NJ. PaImei
the president of the Fund, requesting them TO meet
and discuss tho advisabiy OF investing me surplus
fund now in the bank In puuhg 1dt aap aoI he s
quarters for tho profession In general. AMONG IVso
present were Nh Palmer. T. Henry fieieT nd n Rauc
caul, Harry Watkins, Newton COtth0lu, - II; SOU SOU
dard, Tony Pastor, Mrs. Leland, Marshall H. Mallory
John L. smith and Harrison q. fishe MI; fanAGt
was called the chair and opened the pIoceedlhss
cusson. The Fund had IN hand, he shi over Soo0VO
exclusve of $4,000 in United states bonds. Inc
trustees had felt for long that the could not DO much
better with this amount than 10 invest II IN Duiid
Ing suitable for tho purposes OF the fuhu ana "nlch
nccted with tho profession. lie thought it would be
good for tho profession IN every way to have suc9 9b
way of investigation by the trustees, ana what they
wanted to obtain from the meeting was an mon
tho matter at all, and so, and IL So TO what extent
the plan and would aid it to the best of his ability.
MI Sanger suggested that some S21OOO OF The rum
money Should be paid down OH $4,000 building,
secured by bonds TO be taken mp by the pI0iessloh
who would thus be aiding the cause and NJ tho same
time securing fair rate Of interest. 1t was simple
measure o. economy, for the Fund at present wa
paying largo rental while It's money was lying idle
IL was suggested 10y Mr.. Aronson that in some
circles it was felt that the Fund was purely char
tablo institution and was In no way competent 10
divert its funds toward the comfort intellectual
welfare of tho profession This point was DISPOSED
OF by Mr.. Palmer who read from the original charter
and bylaws OF the Fund a paragraph directly per
hitting tho trustees to use the funds In any way
they thought proper for tho benefit lhielectual a.
well as physical. Of the theatrical profession.
Newton Gotthold made an earnest plea In favor OF
the establishment of permanent rtadlng'I0om ana
library but urged the trustees TO OTcn tho place free
Of debt, and TO secure this desirable end by calling
on the profession for subscriptions the Fund supply
ing its share a. well. Other remarks all In favor
OF the scheme. made by Tony Pastor, Harry
Miner, Mr.. Stoddard and Harry Watkins. com
mittec then appointed by Mr. Palmer, consisting
Of Mr. Sanger. Mr.. StOddaw, Mrs. Leland Mr..
BOucicault and Mr.. GOthOId to embody the sense OF
the meeting in series OF resolutions TO be drawn up
and presented at the next annual meeting OF the
Actors Fund early in June. some letters were read
from Out-Of town managers, including J. II. Nc
Wicker Of Chicago. all strongly favorable 20 the plan
proposed. tho only dscOrdant note coming from
Horace Wall, OF Ncw-Haven. who objected in every
way to any such disposition Of the Funds money.